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The perfect trading system

  • #321
  • Oct 27, 2011 3:28am Oct 27, 2011 3:28am
Quoting Articulate
This is an update on the above post. The price today touched £1.60 and the question whether it will hold as a resistance or not. To know whether it will hold or not these are the signs to look for:

1st sign: H4 candle will open and close above £1.60
2nd sign: daily candle will open and close above £1.60
3rd sign: Weekly candle will close above £1.60 (not a weekly pin)
Final sign: the weekly candle will sit (open and close) on £1.60

I cannot post any chart now, because I don't have access to my platform until I return to my base.

I will continue...

Here are the updated charts for the above post.
Attached Image(s) (click to enlarge)
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  • #322
  • Oct 27, 2011 5:22am Oct 27, 2011 5:22am
Quoting Articulate
3) Adequate capitalisation: Forex is a business and should be treated as such. To have a chance of survival you need a minimum of $1,000 and your target should be to increase it over time to between $10,000 - $20,000 before you can begin to expect appreciable returns on your investment
I don't quite agree with this idea because "adequate capitalization" should be based on the expected earning, and the trading lot, and they are not absolute numbers. The higher we expect, the bigger the capital must be. The poor guys in poor countries (like me) don't expect high return and don't have much money to start, we must borrow money? No!
  • #323
  • Oct 27, 2011 6:00am Oct 27, 2011 6:00am
Quoting Mr.chia
articulate ,can you help me to post master chart for GBPCAD, NZDUSD, GBPAUD,AUDNZD, your system trading is very good ,but i don't undestand ,why admin ff put your thread in rookies discussion not in the system trading??thanks for your posting (10 okt and 17 okt ),its very help me in my trading,its same with my analisis, thank you GBU

Chia,

As promised in my earlier response to the above post, here are the Mastercharts for GBPCAD, NZDUSD, GBPAUD,AUDNZD. The minor support/resistance levels are in blue horizontal lines. Replicate the support/resistance levels on your monthly charts for the pairs and you see them clearly on weekly, H4 charts. The same principles in the mindset of a successful trader applies here, especially my explaination in Weekly and H4 charts.

If you imbibe the right principles from the beginning, you will never miss your way. Remember, trading is a marathon and not a 100-meter dash!
Attached Image(s) (click to enlarge)
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  • #324
  • Oct 27, 2011 6:23am Oct 27, 2011 6:23am
fuck all those people giving disrespect to articulate, give this guy some respect. he is a trader too sharing his experience, indulge with respect like how adults behave;his info dumbass who ever is so disrespectful.

i would like to share my view about cutting losses short. there are many MM methods of "cutting losses short". stop loss orders can be that, minimizing loss at BE, etc. i dont use stop loss ever, unless doing contrarian trades such as shorting gold. i rescue trades from loss, at a retracement above, or average in. i can take a 1000 pip loss for my account with least fuss and no margin calls etc. its 10% only. and i have never experieced such a loss before. largest loss was 180 pips on euro usd loss, and i managed to rescue it. if your rescue doesnt go well, then thats time to bail. so in a way both sides of the discussion of rescuing and stop losses have many pros and cons to it. its a matter of personal choice, preference and style in the end really

i respect your desire to help others, and screw those that dont want to be helped, and have closed minds. in this business have open minds, be respectful, be humble, and in the end go choose what u want to do. in your head.

Good job articulate

hangout in my thread sometime, ure welcome
its in the journal section called 14 y/o forex trader lessons. i would liek some advice or reposts there

take care
Have I got something on my face, SOLDIER?
  • #325
  • Edited 9:15pm Oct 28, 2011 11:20am | Edited 9:15pm
thank you, articulate. , can you tell me how to post my grafik with snagit program????May God Bless You
  • #326
  • Nov 1, 2011 3:14am Nov 1, 2011 3:14am
Quoting Mr.chia
thank you, articulate. , can you tell me how to post my grafik with snagit program????May God Bless You
I am sorry, I don't know how to post "grafik with snagit program". I hope some of the traders on this trade will be able to help you. If you don't get a response here, post your question on one of the popular threads with more followers like Cable or EURUSD. I am sure somebody will be able to find help there.
  • #327
  • Nov 1, 2011 3:24am Nov 1, 2011 3:24am
Quoting perfwill
I don't quite agree with this idea because "adequate capitalization" should be based on the expected earning, and the trading lot, and they are not absolute numbers. The higher we expect, the bigger the capital must be. The poor guys in poor countries (like me) don't expect high return and don't have much money to start, we must borrow money? No!

The simple message in my post under reference is that your expectation should be relative to the size of your account. For example 5-10% monthly returns on $100 dollar account is not the same thing as $20,000 account.

It is only when a trader punches above his weight that he gets into big trouble.
  • #328
  • Nov 1, 2011 4:31am Nov 1, 2011 4:31am
Quoting bumapatria
fuck all those people giving disrespect to articulate, give this guy some respect. he is a trader too sharing his experience, indulge with respect like how adults behave;his info dumbass who ever is so disrespectful.

i would like to share my view about cutting losses short. there are many MM methods of "cutting losses short". stop loss orders can be that, minimizing loss at BE, etc. i dont use stop loss ever, unless doing contrarian trades such as shorting gold. i rescue trades from loss, at a retracement above, or average in. i can take...

The truth of the matter is that nobody has monopoly of knowledge, because we all learn every day.

I am however worried when a trader trades without exist strategy. I consider 1000 pips loss a bit outrageous and a very high risk trading strategy. I appreciate that we all have our different trading strategies. The most important thing is to be in total control of your trading strategy.

Furthermore, I consider it my duty as the thread starter to guide every visitor here on what I consider a sustainable trading style. Most new traders don't know the dangers of forex trading and might try such strategy and get burnt very badly. My recommendation is that if you must trade forex, have an exit strategy in case things go wrong. Your stop loss should however depend on your risk appetite. If a trade goes against you by as much as 200 pips, it is better to get out of such trade and re-strategise. New traders should read my previous postings on stop loss for a better understanding my view on this matter.

I have accepted your invitation, I will check your thread and post some of my views there. I post regularly on the Cable, GBPJPY and AUDUSD thread. My objective is for 1 more trader to benefit from my experience. My principle is “A candle does not lose its light by providing light to another candle”.

Have a great week!
  • #329
  • Edited 8:03pm Nov 1, 2011 9:14am | Edited 8:03pm
1000pips audusd WITH SMALL LOT,TQ ARTICULATE, audusd now drop to 1.0272,i will wait for reverse candle H4 n H1,PAA 50pips to make decision, standby to put my buy limit. Good Luck for trader ,who looking this threat,thank you for Our Big Theacher, Mr.articulate
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  • #330
  • Nov 1, 2011 10:37am Nov 1, 2011 10:37am
Quoting purley
3) Set you stop loss at 200 pips or no stop loss at all (manually close your trade if your stop loss is approaching 200 pips

5) Leverage 100:1

OH MY GOD ! This is the holy grail!You will save all the universe!

200 pips is easy to lose, not so easy to make LOL
  • #331
  • Nov 1, 2011 12:06pm Nov 1, 2011 12:06pm
Quoting benjib84
200 pips is easy to lose, not so easy to make LOL
benjib84,if you are articulate ,you will not easy to lose,maybe have 1 lose after trading 30 position, who knows, maybe just lose 1 position after 50 position,with profit 100pip until thousand ,remember most important to put your buy limit or sell limit after reverse candle H4, just believe articulate , read what he said and practice with real money but small lot.May God Bless You ,SORRY MY ENGLISH NOT GOOD
  • #332
  • Nov 1, 2011 12:43pm Nov 1, 2011 12:43pm
Quoting benjib84
200 pips is easy to lose, not so easy to make LOL
Read my response to the above post and follow the steps in my post on the a mindset of successful trader and your 200 pips stop loss will perhaps only be triggered only in 1 out of 500 trades (0.02% chance).
  • #333
  • Nov 1, 2011 1:03pm Nov 1, 2011 1:03pm
Quoting Articulate
Read my response to the above post and follow the steps in my post on the a mindset of successful trader and your 200 pips stop loss will perhaps only be triggered only in 1 out of 500 trades (0.02% chance).
MM has its tricks to exploit, and many of trading stylese can be exploited for an advantage.

Articulate has made his point
Have I got something on my face, SOLDIER?
  • #334
  • Edited Nov 2, 2011 3:10am Nov 1, 2011 7:02pm | Edited Nov 2, 2011 3:10am
Read my response to the above post and follow the steps in my post on the a mindset of successful trader and your 200 pips stop loss will perhaps only be triggered only in 1 out of 500 trades (0.02% chance).

Wow amazing, i believe you articulate, only in 1 out of 500 trades, it is your trades,sorry if i said 1 out of 50 trades,i just guess ha ha ha, my setup no so good thats why i said maybe 30 or 50trades, Cheers JBU
  • #335
  • Nov 2, 2011 3:54am Nov 2, 2011 3:54am
Quoting Articulate
Practical Trading – GBPJPY


[font=Calibri]Based on the weekly chart, the best strategy is to go long until ¥115 is broken by the weekly candle. The first target is at least ¥125 followed by ¥130, then ¥140 and possibly ¥160 to give us our monthly w. If a pullback from any of these levels fails to break ¥120 by the weekly or monthly candle, fails to break ¥120, the bullish run is still intact. In the final analysis as long as the monthly or...
Here is the update on the above post and a weekly chart. 1027 pips from the low of ¥117. The top for now ¥127.32. Read the post again to understand the direction. I will continue to post regular updates once we break significant levels.

Enjoy your day!
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  • #336
  • Nov 2, 2011 4:00am Nov 2, 2011 4:00am
Articulate,GBPJPY have been go 1000 pips(117-127.200),RSI daily it ever touch 70,that why it pull back 300pip,rsi H4 58,33now, In your analisis GBPJPY will continue to long 500pip or more?any advice?
(sorry my english not good, i hope you undestand what i mean) I WILL WAIT YOURS ANALISIS TQ JBU
  • #337
  • Nov 2, 2011 4:05am Nov 2, 2011 4:05am
Quoting Articulate
Practical Trading – GBPUSD
What I will discuss today is practical trading GBPUSD. £1.53 is a strong support for now. Based on the weekly, the best strategy is to go long until £1.53 is broken. The first target is £1.63 and the second target is £1.70 but £1.60 needs to be broken first by the weekly candle. You can practically buy your way to about 1700 pips a long £1.53 is not broken by the weekly.

Here is another update on the above post and a weekly charts with levels to note. This is about 900 pips from the low of £1.527. The top for now £1.616. Read the post again and study the current chart to understand the direction. I will continue to post regular updates once we break significant levels.

You need to be methodical in your approach to increase your chance of success. H4 50PAA
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  • #338
  • Nov 2, 2011 4:08am Nov 2, 2011 4:08am
ARTICULATE, tq for your explanation, its very helpfull.JBU
  • #339
  • Edited 4:36am Nov 2, 2011 4:26am | Edited 4:36am
Quoting Mr.chia
ARTICULATE, tq for your explanation, its very helpfull.JBU
Chia,

Read the post below again and you will observe in the second chart that I have I have already identified 127 as first possible target 130 is the Masterchart target, but we already have 1000 pips. Remember after 1000 pips a pull back is always a big possibility. Where the weekly candle closes at the end of this week is very crucial. A close below 125 and we could head back to 120 which the the weekly base for now. Take direction from the weekly and H4 50PAA will always guide you on the immediate direction. Anytime you are not sure, read the mindset of a successful trader again to understand the sequence of events.

http://www.forexfactory.com/showthre...27#post5077127

Have a great day!
  • #340
  • Nov 2, 2011 9:07am Nov 2, 2011 9:07am
Quoting articulate
chia,

read the post below again and you will observe in the second chart that i have i have already identified 127 as first possible target 130 is the masterchart target, but we already have 1000 pips. Remember after 1000 pips a pull back is always a big possibility. Where the weekly candle closes at the end of this week is very crucial. A close below 125 and we could head back to 120 which the the weekly base for now. Take direction from the weekly and h4 50paa will always guide you on the immediate direction. Anytime you are not sure, read...
ok articulate, thank you very much. GBU
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